Tairen Capital Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Tairen Capital Ltd reported 68 stock positions worth $978.6 million. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 14.8% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 4.3%) and Snowflake (SNOW, 3.5%). Compared with Q1 2025, it opened 21 new positions, sold out of 41, added to 14 and reduced 29. The biggest buy was iShares Bitcoin Trust ETF (IBIT, shares +221%) and the biggest sale Amazon.com (AMZN, shares −90%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001652062
- Portfolio Value
- $978.6M (Q2 2025)
- SEC Filing
- 0001085146-25-004920 ↗ filed Aug 12, 2025
Holdings Value
Holdings 68 stocks · $978.6M
| IBIT iShares Bitcoin Trust ETF | 14.79% | 2,364,700 | $144.7M | Add +220.6% |
| TSM Taiwan Semiconductor-SP ADR | 4.28% | 185,043 | $41.9M | Reduce -36.3% |
| SNOW Snowflake Inc. | 3.46% | 151,385 | $33.9M | Reduce -66.9% |
| MA Mastercard Inc. Class A | 3.26% | 56,700 | $31.9M | New |
| TCOM Trip.com Group Ltd.-ADR | 3.00% | 500,154 | $29.3M | Add +48.0% |
| META Meta Platforms Inc. Class A | 2.95% | 39,150 | $28.9M | Reduce -80.9% |
| GS Goldman Sachs Group Inc. | 2.89% | 40,000 | $28.3M | Reduce -5.2% |
| SHW The Sherwin-Williams Co. | 2.76% | 78,665 | $27.0M | Add +9.0% |
| MNDY Monday.com Ltd. | 2.73% | 85,100 | $26.8M | Add +378.1% |
| HOOD Robinhood Markets Inc. Class A | 2.71% | 283,300 | $26.5M | Reduce -82.0% |
| NTRA Natera Inc. | 2.45% | 141,907 | $24.0M | No change |
| PGR Progressive Corp. | 2.21% | 81,045 | $21.6M | New |
| V Visa Inc. Class A | 2.21% | 60,885 | $21.6M | New |
| AS Amer Sports Inc. | 2.19% | 551,630 | $21.4M | Add +26.5% |
| IBKR Interactive Brokers Gro Class A | 2.17% | 383,600 | $21.3M | Reduce -3.7% |
| ORCL Oracle Corp. | 2.13% | 95,291 | $20.8M | New |
| ROOT Root Inc./Oh Class A | 2.13% | 162,724 | $20.8M | Add +185.5% |
| COIN Coinbase Global Inc. Class A | 2.08% | 58,208 | $20.4M | New |
| MU Micron Technology Inc. | 2.01% | 159,500 | $19.7M | Reduce -11.9% |
| AAPL Apple Inc. | 1.96% | 93,400 | $19.2M | Add +6.3% |
| FLUT Flutter Entertainment PLC-Di | 1.92% | 65,700 | $18.8M | New |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 1.86% | 147,070 | $18.2M | Reduce -70.0% |
| NVDA Nvidia Corp. | 1.75% | 108,246 | $17.1M | New |
| CFLT Confluent Inc. Class A | 1.73% | 677,200 | $16.9M | Add +746.5% |
| AMZN Amazon.com Inc. | 1.66% | 74,216 | $16.3M | Reduce -90.1% |
| U Unity Software Inc. | 1.55% | 626,800 | $15.2M | Add +30.9% |
| BIRK Birkenstock Holding PLC | 1.39% | 276,200 | $13.6M | Add +97.3% |
| XYZ Block Inc. | 1.31% | 188,300 | $12.8M | No change |
| DDOG Datadog Inc. Class A | 1.21% | 88,500 | $11.9M | Reduce -44.7% |
| AAP Advance Auto Parts Inc. | 1.19% | 251,110 | $11.7M | Reduce -33.1% |
| GOOGL Alphabet Inc. Class A | 1.18% | 65,553 | $11.6M | New |
| VEEV Veeva Systems Inc. Class A | 1.18% | 40,000 | $11.5M | Reduce -18.2% |
| GOOG Alphabet Inc. Class C | 1.18% | 64,911 | $11.5M | New |
| PDD PDD Holdings Inc. | 1.05% | 97,800 | $10.2M | New |
| TWLO Twilio Inc. Class A | 1.02% | 80,318 | $10.0M | Reduce -76.0% |
| AMBA Ambarella Inc. | 0.99% | 146,000 | $9.6M | Reduce -61.9% |
| TPR Tapestry Inc. | 0.93% | 104,172 | $9.1M | Reduce -47.7% |
| HCA HCA Healthcare Inc. | 0.88% | 22,405 | $8.6M | Reduce -59.5% |
| MSFT Microsoft Corp. | 0.83% | 16,354 | $8.1M | Reduce -93.9% |
| DOCU Docusign Inc. | 0.80% | 101,011 | $7.9M | New |
| MNSO Miniso Group Holding Ltd.-ADR | 0.70% | 378,270 | $6.9M | Add +26.9% |
| AVGO Broadcom Inc. | 0.70% | 24,700 | $6.8M | Reduce -87.9% |
| GWRE Guidewire Software Inc. | 0.69% | 28,500 | $6.7M | Add +42.5% |
| OKTA Okta Inc. | 0.66% | 64,800 | $6.5M | New |
| PH Parker Hannifin Corp. | 0.60% | 8,400 | $5.9M | Reduce -70.7% |
| WIX Wix.com Ltd. | 0.57% | 35,376 | $5.6M | Reduce -13.7% |
| ANSS Ansys Inc. | 0.55% | 15,255 | $5.4M | No change |
| ESTC Elastic NV | 0.52% | 60,000 | $5.1M | Reduce -50.3% |
| LIN Linde PLC | 0.50% | 10,510 | $4.9M | Reduce -75.4% |
| JPM JPMorgan Chase & Co. | 0.50% | 17,000 | $4.9M | Reduce -71.2% |
| INTC Intel Corp. | 0.49% | 215,300 | $4.8M | Reduce -82.9% |
| IQV Iqvia Holdings Inc. | 0.48% | 30,000 | $4.7M | No change |
| ASHR Xtrackers Harvest Csi 300 CH | 0.48% | 170,000 | $4.7M | Reduce -48.3% |
| STX Seagate Technology Holdings | 0.44% | 30,000 | $4.3M | Reduce -89.3% |
| TEM Tempus AI Inc. Class A | 0.38% | 58,200 | $3.7M | Reduce -26.5% |
| DOCS Doximity Inc. Class A | 0.35% | 55,800 | $3.4M | New |
| MRVL Marvell Technology Inc. | 0.34% | 43,033 | $3.3M | New |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.27% | 29,100 | $2.7M | Add +162.2% |
| CYBR Cyberark Software Ltd./Israel | 0.21% | 5,100 | $2.1M | Add +628.6% |
| CLS Celestica Inc. | 0.20% | 12,500 | $2.0M | Reduce -58.3% |
| TTMI TTM Technologies | 0.09% | 20,800 | $849K | New |
| CRDO Credo Technology Group Holdi | 0.08% | 8,900 | $824K | New |
| CRCL Circle Internet Group Inc. | 0.07% | 3,740 | $678K | New |
| CDNS Cadence Design SYS Inc. | 0.05% | 1,539 | $474K | Reduce -69.2% |
| WAB Wabtec Corp. | 0.03% | 1,230 | $258K | New |
| BR Broadridge Financial Solutio | 0.02% | 925 | $225K | New |
| RSG Republic Services Inc. | 0.02% | 900 | $222K | New |
| MSCI MSCI Inc. | 0.02% | 360 | $208K | New |
Portfolio Sells Q1 2025 → Q2 2025
| AMZN Amazon.com Inc. | Reduce -90.1% | 1.66% | −7.81 |
| MSFT Microsoft Corp. | Reduce -93.9% | 0.83% | −5.83 |
| META Meta Platforms Inc. Class A | Reduce -80.9% | 2.95% | −4.87 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −3.01 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −1.91 |
| HOOD Robinhood Markets Inc. Class A | Reduce -82.0% | 2.71% | −1.61 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −1.59 |
| AVGO Broadcom Inc. | Reduce -87.9% | 0.70% | −1.57 |
| ONON On Holding AG Class A | Sold out | 0.00% | −1.52 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -70.0% | 1.86% | −1.46 |
| INTC Intel Corp. | Reduce -82.9% | 0.49% | −1.39 |
| WDC Western Digital Corp. | Sold out | 0.00% | −1.31 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −1.30 |
| TWLO Twilio Inc. Class A | Reduce -76.0% | 1.02% | −1.14 |
| STX Seagate Technology Holdings | Reduce -89.3% | 0.44% | −1.14 |
| DUOL Duolingo | Sold out | 0.00% | −1.06 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.99 |
| SNOW Snowflake Inc. | Reduce -66.9% | 3.46% | −0.95 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.85 |
| LIN Linde PLC | Reduce -75.4% | 0.50% | −0.81 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.81 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.74 |
| LI Li Auto Inc. - ADR | Sold out | 0.00% | −0.67 |
| HTHT H World Group Ltd.-ADR | Sold out | 0.00% | −0.66 |
| RACE Ferrari NV | Sold out | 0.00% | −0.63 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.62 |
| NTES Netease Inc.-ADR | Sold out | 0.00% | −0.60 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.58 |
| PH Parker Hannifin Corp. | Reduce -70.7% | 0.60% | −0.55 |
| GTM Zoominfo Technologies Inc. | Sold out | 0.00% | −0.49 |
| HWM Howmet Aerospace Inc. | Sold out | 0.00% | −0.48 |
| MS Morgan Stanley | Sold out | 0.00% | −0.47 |
| BILL Bill Holdings Inc. | Sold out | 0.00% | −0.47 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.46 |
| JPM JPMorgan Chase & Co. | Reduce -71.2% | 0.50% | −0.45 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.43 |
| AFRM Affirm Holdings Inc. | Sold out | 0.00% | −0.42 |
| HCA HCA Healthcare Inc. | Reduce -59.5% | 0.88% | −0.39 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.37 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.31 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −0.30 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.29 |
| AMBA Ambarella Inc. | Reduce -61.9% | 0.99% | −0.29 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.23 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −0.23 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.22 |
| ESTC Elastic NV | Reduce -50.3% | 0.52% | −0.19 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −0.19 |
| GLBE Global-E Online Ltd. | Sold out | 0.00% | −0.14 |
| DIREXION DAILY SEMI BEAR 3X | Sold out | 0.00% | −0.10 |
Portfolio Buys Q1 2025 → Q2 2025
| IBIT iShares Bitcoin Trust ETF | Add +220.6% | 14.79% | +12.51 |
| MA Mastercard Inc. Class A | New | 3.26% | +3.26 |
| MNDY Monday.com Ltd. | Add +378.1% | 2.73% | +2.45 |
| PGR Progressive Corp. | New | 2.21% | +2.21 |
| V Visa Inc. Class A | New | 2.21% | +2.21 |
| ORCL Oracle Corp. | New | 2.13% | +2.13 |
| COIN Coinbase Global Inc. Class A | New | 2.08% | +2.08 |
| FLUT Flutter Entertainment PLC-Di | New | 1.92% | +1.92 |
| NVDA Nvidia Corp. | New | 1.75% | +1.75 |
| ROOT Root Inc./Oh Class A | Add +185.5% | 2.13% | +1.63 |
| CFLT Confluent Inc. Class A | Add +746.5% | 1.73% | +1.60 |
| TCOM Trip.com Group Ltd.-ADR | Add +48.0% | 3.00% | +1.58 |
| AS Amer Sports Inc. | Add +26.5% | 2.19% | +1.41 |
| GOOGL Alphabet Inc. Class A | New | 1.18% | +1.18 |
| GOOG Alphabet Inc. Class C | New | 1.18% | +1.18 |
| SHW The Sherwin-Williams Co. | Add +9.0% | 2.76% | +1.09 |
| PDD PDD Holdings Inc. | New | 1.05% | +1.05 |
| BIRK Birkenstock Holding PLC | Add +97.3% | 1.39% | +0.96 |
| U Unity Software Inc. | Add +30.9% | 1.55% | +0.93 |
| DOCU Docusign Inc. | New | 0.80% | +0.80 |
| AAPL Apple Inc. | Add +6.3% | 1.96% | +0.67 |
| OKTA Okta Inc. | New | 0.66% | +0.66 |
| GWRE Guidewire Software Inc. | Add +42.5% | 0.69% | +0.44 |
| DOCS Doximity Inc. Class A | New | 0.35% | +0.35 |
| MRVL Marvell Technology Inc. | New | 0.34% | +0.34 |
| MNSO Miniso Group Holding Ltd.-ADR | Add +26.9% | 0.70% | +0.34 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +162.2% | 0.27% | +0.21 |
| CYBR Cyberark Software Ltd./Israel | Add +628.6% | 0.21% | +0.20 |
| TTMI TTM Technologies | New | 0.09% | +0.09 |
| CRDO Credo Technology Group Holdi | New | 0.08% | +0.08 |
| CRCL Circle Internet Group Inc. | New | 0.07% | +0.07 |
| WAB Wabtec Corp. | New | 0.03% | +0.03 |
| BR Broadridge Financial Solutio | New | 0.02% | +0.02 |
| RSG Republic Services Inc. | New | 0.02% | +0.02 |
| MSCI MSCI Inc. | New | 0.02% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 42 | $1.1B | TSM, AMD, LITE, MRVL, GLW |
| Q1 2026 | 44 | $924.3M | MU, EWY, TSM, GOOGL, META |
| Q4 2025 | 59 | $960.9M | GOOGL, HOOD, NVDA, LITE, TCOM |
| Q3 2025 | 66 | $925.4M | TSLA, HOOD, NVDA, TSM, BABA |
| Q2 2025 | 68 | $978.6M | IBIT, TSM, SNOW, MA, TCOM |
| Q1 2025 | 88 | $1.5B | AMZN, META, MSFT, SNOW, HOOD |
| Q4 2024 | 69 | $680.2M | CRM, PDD, MSFT, VEEV, META |
| Q3 2024 | 59 | $2.8B | PDD, GOOGL, NVDA, GOOG, META |
| Q2 2024 | 26 | $2.8B | PDD, AAPL, MSFT, AMZN, ASML |
| Q1 2024 | 37 | $1.6B | PDD, EDU, QCOM, VRT, MU |